About Mintoak
Mintoak is a company based in Mumbai (India) founded in 2017 by Rohit Ramana, Sanjay Nazareth, Kabeer Jain, Raman Khanduja, and Rama Tadepalli.. Mintoak has raised $30.71 million across 7 funding rounds from investors including PayPal, HDFC Bank and British International Investment. Mintoak has completed 1 acquisition, including Digiledge. Mintoak offers products and services including Digital Payments Platform, Cloud-based Toolkit, and Value-added Services. Mintoak operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and ACI Worldwide, among others.
- Headquarter Mumbai, India
- Founders Rohit Ramana, Sanjay Nazareth, Kabeer Jain, Raman Khanduja, Rama Tadepalli
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Mintoak Innovations Private Limited
- Date of Incorporation 04 Sep, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$5.26 M (USD)277.77as on Mar 31, 2023
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Net Profit
$1.25 M (USD)608.73as on Mar 31, 2023
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EBITDA
$1.91 M (USD)494.68as on Mar 31, 2023
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Total Equity Funding
$30.71 M (USD)
in 7 rounds
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Latest Funding Round
$6 M (USD), Series A
Dec 26, 2025
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Investors
PayPal
& 13 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Mintoak
Mintoak offers a comprehensive portfolio of products and services, including Digital Payments Platform, Cloud-based Toolkit, and Value-added Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for secure digital transactions and merchant onboarding.
Tools for secure payment integrations and real-time analytics.
Services for comprehensive merchant business development and tracking.
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Funding Insights of Mintoak
Mintoak has successfully raised a total of $30.71M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $6.0M
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First Round
First Round
(26 Feb 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series A - Mintoak | Valuation | PayPal Ventures | |
| Jan, 2023 | Amount | Series A - Mintoak | Valuation | PayPal | |
| Aug, 2021 | Amount | Seed - Mintoak | Valuation | HDFC Bank |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mintoak
Mintoak has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include PayPal, HDFC Bank and British International Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location | |
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Financial services, strategic advisory, and partnerships in investments.
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Founded Year | Domain | Location | |
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Venture capital, equity markets, and secondaries services in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mintoak
Mintoak has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Digiledge. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Providing solutions for banks on SaaS or hosted model
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mintoak
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mintoak Comparisons
Competitors of Mintoak
Mintoak operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Razorpay, Flutterwave, PayU and ACI Worldwide, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mintoak
Frequently Asked Questions about Mintoak
When was Mintoak founded?
Mintoak was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Mintoak located?
Mintoak is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Mintoak?
Raman Khanduja is the current CEO of Mintoak. They have also founded this company.
Is Mintoak a funded company?
Mintoak is a funded company, having raised a total of $30.71M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.39M, raised on Feb 26, 2018.
What is the annual revenue of Mintoak?
Annual revenue of Mintoak is $5.26M as on Mar 31, 2023.
What does Mintoak do?
Mintoak was founded in 2017 and is headquartered in Mumbai, India, operating in the fintech sector. Omnichannel payment solutions, smart processing tools, and credit transaction tracking for retailers are provided. Additional services include customer recognition, feedback mechanisms, ratings, analytics, and insights to support MSME operations across digital engagement channels.
Who are the top competitors of Mintoak?
What products or services does Mintoak offer?
Mintoak offers Digital Payments Platform, Cloud-based Toolkit, and Value-added Services.
How many acquisitions has Mintoak made?
Mintoak has made 1 acquisition, including Digiledge.
Who are Mintoak's investors?
Mintoak has 14 investors. Key investors include PayPal, HDFC Bank, British International Investment, Pravega Ventures, and White Whale Partners.
What is Mintoak's valuation?
The valuation of Mintoak is $116.84M as of Jan 2023.
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